Common use of Prior to full satisfaction Clause in Contracts

Prior to full satisfaction. (a) Subject to the provisions of this Agreement, the Security Trustee is hereby authorised to execute on behalf of itself and each Bondholder, without the need for any further referral to or authority from such person, any release of the Relevant Security over that asset. (b) Subject to the condition precedent (aufschiebende Bedingung) of the authorisation by the Administrator or the Security Trustee of the disposal of any Pledged Bonds from the Issuance Account (the "Disposed Bonds"), the Security Trustee hereby releases any pledge over such Disposed Bonds and re-assigns any rights and claims in connection therewith to the Issuer. (c) Subject to the condition precedent (aufschiebende Bedingung) of the authorisation by the Administrator or the Security Trustee of the disposal of any Deposited Cryptocurrency from the Depositary Wallet, the Security Trustee hereby releases any security interest over such Deposited Cryptocurrency and re-assigns any rights and claims in connection therewith to the Issuer.

Appears in 10 contracts

Samples: Security and Security Trust Agreement, Security and Security Trust Agreement, Security and Security Trust Agreement

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Prior to full satisfaction. (a) Subject to the provisions of this Agreement, the Security Collateral Trustee is hereby authorised to execute on behalf of itself and each Bondholder, without the need for any further referral to or authority from such person, any release of the Relevant Security Collateral over that asset. (b) Subject to the condition precedent (aufschiebende Bedingung) of the authorisation by the Administrator or the Security Collateral Trustee of the disposal of any Pledged Bonds from the Issuance Account (the "Disposed Bonds"), the Security Collateral Trustee hereby releases any pledge over such Disposed Bonds and re-assigns any rights and claims in connection therewith to the Issuer. (c) Subject to the condition precedent (aufschiebende Bedingung) of the authorisation by the Administrator or the Security Collateral Trustee of the disposal of any Deposited Cryptocurrency Crypto- Asset from the Depositary Crypto Custodian Wallet, the Security Collateral Trustee hereby releases any security interest over such Deposited Cryptocurrency Crypto-Asset and re-assigns any rights and claims in connection therewith to the Issuer.

Appears in 5 contracts

Samples: Collateral Trust Agreement, Collateral Trust Agreement, Collateral Trust Agreement

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Prior to full satisfaction. (a) Subject to the provisions of this Agreement, the Security Trustee is hereby authorised to execute on behalf of itself and each Bondholder, without the need for any further referral to or authority from such person, any release of the Relevant Security over that asset. (b) Subject to the condition precedent (aufschiebende Bedingung) of the authorisation by the Administrator or the Security Trustee of the disposal of any Pledged Bonds from the Issuance Account (the "Disposed Bonds"), the Security Trustee hereby releases any pledge over such Disposed Bonds and re-assigns any rights and claims in connection therewith to the Issuer. (c) Subject to the condition precedent (aufschiebende Bedingung) of the authorisation by the Administrator or the Security Trustee of the disposal of any Deposited Cryptocurrency BTC from the Depositary Wallet, the Security Trustee hereby releases any security interest over such Deposited Cryptocurrency BTC and re-assigns any rights and claims in connection therewith to the Issuer.

Appears in 1 contract

Samples: Security Agreement

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